Ames National Corporation (ATLO) financial statements (2022 and earlier)

Company profile

Business Address PO BOX 846
AMES, IA 50010
State of Incorp. IA
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments891923530262924
Cash and cash equivalents891923530262924
Total current assets:891923530262924
Noncurrent Assets
Property, plant and equipment18171816151617
Intangible assets, net (including goodwill)15161612988
Goodwill12121210777
Intangible assets, net (excluding goodwill)3343211
Deferred income tax assets2 1
Total noncurrent assets:34333528242425
Other undisclosed assets2,0141,7511,6681,3971,3241,3131,278
TOTAL ASSETS:2,1371,9761,7371,4561,3751,3661,327
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  2131214
Total current liabilities:  2131214
Noncurrent Liabilities
Liabilities, other than long-term debt 2     
Deferred income tax liabilities 2 
Total noncurrent liabilities: 2     
Other undisclosed liabilities1,9291,7641,5481,2701,1931,2001,162
Total liabilities:1,9291,7661,5501,2831,2041,2011,165
Stockholders' equity
Stockholders' equity attributable to parent208209188173171165161
Common stock18181819191919
Additional paid in capital16171920212121
Accumulated other comprehensive income (loss)3164(4)(0)(1)3
Retained earnings170158146138132126118
Total stockholders' equity:208209188173171165161
TOTAL LIABILITIES AND EQUITY:2,1371,9761,7371,4561,3751,3661,327

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues62655650515049
Net investment income60635650454443
Cost of revenue (6)(1)(1)(2)(1)(1)
Provision for loan, lease, and other losses (6)(1)(1)
Financial services costs(2)(1)(1)
Gross profit:62595549504948
Operating expenses(12)(11)(10)(9)(24)(24)(23)
Operating income:50484540262625
Interest and debt expense(4)(8)(11)(8)(6)(4)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (17)(13)(11)11(0)
Income from continuing operations before equity method investments, income taxes:46232121212321
Other undisclosed loss from continuing operations before income taxes(15)      
Income from continuing operations before income taxes:31232121212321
Income tax expense(7)(4)(4)(4)(8)(7)(6)
Net income available to common stockholders, diluted:24191717141615

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:24191717141615
Comprehensive income:24191717141615
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(13)128(4)0(4)(1)
Comprehensive income, net of tax, attributable to parent:11312513141214

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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